A couple of days ago I wrote a post that outlined some Steem-engine tokens I like to trade and invest in. Today I would like to focus on the SPORTS token.
I have been following the SportsTalk.Social project closely from when it first launched, and it has been one of my favorite tribes, the only one I'm heavily invested in. Since its launch, the community has been growing rapidly, and the founder @patrickulrich has been very active in building new features into this tribe.
Since the launch of SportsTalk.Social, the price of the SPORTS token has fluctuated wildly, and recently it had risen from 0.0003 Steem to touching 0.002 Steem today. At first I thought this may have just been the market correcting and traders getting on. But announcements over the past couple of days have uncovered a much more bullish case for SPORTS, with its fundamentals strengthening significantly. I've always been a big fan of SportsTalk,Social, but at times have expressed my concern about the large supply of SPORTS. But the announcements over the past two days have given me a lot more confidence in the economics of the token.
Introducing ads on SportsTalk.Social and using BAT to purchase SPORTS
First of all, SportsTalk.Social has just rolled out ads on their tribe, for both SportsTube and SportsTalk.Social. 85% of the ad revenue will then be used to purchase SPORTS from the market and then sent to @null to be burned. Then the other big announcement is that both SportsTalk.Social and SportsTube have recently been accepted as a Basic Attention Token (BAT) verified content creator. This allows both websites to be rewarded with BAT for users accessing the tribe through the Brave browser. The BAT that is received will also be used to purchase SPORTS from the market wihich will also be burnt. On top of all this, SportsTalk.Social has just entered into the top 25 in the State of the Dapps rankings. This shows that SportsTalk.Social is getting significant traction and usage. And the market has responded very positively to all this news.
What if Steemit learned from SportsTalk.Social?
If SportsTalk.Social and Steemleo can both get verified with the BAT content creator program, then why doesn't Steemit follow suit and get Steemit verified? Even better, what if the BAT received could be used to purchase Steem on the market and burnt? Similarly, what if part of the revenue from ads on Steemit could be used to purchase Steem from the market in the future as well. Imagine, what this would do for the sentiment around Steem.
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